Day: February 11, 2026

Goldman Sachs discloses first XRP and Solana ETF holdings valued at $260M

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Goldman Sachs disclosed approximately $260 million in combined Solana and XRP exchange-traded fund holdings by the end of the fourth quarter of 2025, its first reported positions tied to crypto assets other than Bitcoin and Ethereum. Goldman’s XRP allocations were closely balanced across all issuers, totaling $152 million. According to the disclosure, the bank held 2 million shares of the 21Shares XRP ETF valued at $35.9 million, 1.9 million shares of the Bitwise XRP ETF worth $39.8 million, 1.9 million shares of the Franklin XRP Trust valued at $38.4 million,…

LayerZero Labs Launching Blockchain Aimed at Institutions

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Blockchain company LayerZero Labs is planning to launch its own layer-1 blockchain named “Zero” with backing from ARK Invest and Citadel Securities, and targeting institutional financial markets. Zero will launch in the fall of 2026, according to an announcement on Tuesday from LayerZero Labs, which also created and maintains the cross-chain messaging protocol LayerZero. The firm said it will be scalable to two million transactions per second by leveraging zero-knowledge proofs and zero‑knowledge virtual machine Jolt to bypass “the fundamental replication requirement,” which constrains “blockchains to fewer than 10,000 transactions…

SafeMoon CEO Given 8-Year Jail Time Over Crypto Scam

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Former SafeMoon CEO Braden Karony has been sentenced to 100 months in prison for stealing $9 million from the crypto platform’s liquidity pool in 2021 to fund a “lavish lifestyle.” The sentence on Monday comes nine months after Karony was convicted by a federal jury on charges of conspiracy to commit securities fraud, wire fraud and money laundering in May 2025.  “Not only did Braden John Karony abuse his position as CEO, but he also betrayed his investors’ trust by stealing more than nine million dollars in digital assets from…

Robinhood Chain Testnet Goes Live on Arbitrum

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Robinhood has launched a public testnet for Robinhood Chain, its new Ethereum layer‑2 network built using Arbitrum technology that aims to bring tokenized real‑world and digital assets onchain. According to a release shared with Cointelegraph, the testnet, which is now live for developers, offers network access points, documentation at docs.chain.robinhood.com, compatibility with standard Ethereum development tools and early integrations from infrastructure partners.  Robinhood says the chain is designed for “financial‑grade” use cases, including 24/7 trading, seamless bridging, self‑custody, and decentralized products such as tokenized asset platforms, lending markets, and perpetual…

Bryan Pellegrino: Blockchain scalability is hindered by storage layer constraints, node computation inefficiencies drive up costs, and the shift towards centralization threatens decentralization

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LayerZero’s breakthrough storage layer could redefine blockchain scalability and efficiency for future applications. Key takeaways Blockchain scalability is heavily constrained by the storage layer. Layer Zero Labs developed a storage layer capable of 3,000,000 updates per second, showcasing significant advancements in scalability. Current blockchain inefficiencies arise from node computation replication, leading to excessive costs. Layer Zero’s new blockchain, Zero, aims to reduce computation replication to enhance competitiveness. Existing blockchain solutions struggle between being too centralized or failing to scale effectively. The trend towards increased centralization in blockchain development is seen…